HUD

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  • Waters Statement at Long Requested Hearing on the State of Homelessness
    Posted in Press Releases on May 17, 2018 | Preview rr
    Tags: Subcommittee on Housing and Insurance, HUD, Homelessness

    Today, the House Financial Services Committee Subcommittee on Housing and Insurance held a hearing entitled, “An Overview of Homelessness in America.” For years, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, and Committee Democrats, have called on the Committee to hold a hearing on homelessness. Today marks the first time Committee Republicans have held a hearing on this important issue during Chairman Jeb Hensarling’s (R-TX) tenure. “Mr. Chairm... Read more

  • Waters Introduces Legislation to Expand Housing Assistance for Foster Youth
    Posted in Press Releases on May 16, 2018 | Preview rr
    Tags: Subcommittee on Housing and Insurance, HUD

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, introduced the Expanding Housing Opportunities for Foster Youth Act of 2018, a bill to provide a more sustainable solution for young people who are transitioning out of foster care and in need of a place to call home. This bill would permanently reauthorize $200 million annually towards the Department of Housing and Urban Development’s Family Unification Program (FUP), which is estimated to pr... Read more

  • Waters Introduces Resolution in Support of the Affordability of Subsidized Housing
    Posted in Press Releases on May 10, 2018 | Preview rr
    Tags: HUD

    Following U.S Department of Housing and Urban Development Secretary Ben Carson’s outrageous proposal to increase rent burdens on our nation’s most vulnerable populations, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, introduced H.Res.886, a resolution that affirms the Brooke Rule, which ensures that families receiving federal housing assistance do not pay more than 30 percent of their adjusted income on rent, and remains a widely recognized stan... Read more

  • Waters Slams Carson’s Outrageous Proposal to Increase Rents for Low-Income Families
    Posted in Press Releases on April 26, 2018 | Preview rr
    Tags: HUD

    Today, in response to the U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson’s proposal to limit federal housing assistance and impose additional burdens on our nation’s most vulnerable populations, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, made the following statement: “Secretary Carson’s proposal to impose work requirements, rent increases and other burdens for America’s low-income families is reprehensible. “It’s ... Read more

  • Waters Introduces Bill to Prevent Foreclosures on FHA Borrowers
    Posted in Press Releases on April 19, 2018 | Preview rr
    Tags: CFPB, HUD

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, introduced legislation that would help prevent foreclosures for the Federal Housing Administration’s (FHA) borrowers by strengthening requirements for and increasing oversight of FHA mortgage servicers so that every homebuyer with an FHA mortgage is given a fair chance at avoiding foreclosure. “A decade after the devastating foreclosure crisis, we continue to see significant problems with the ... Read more

  • Waters Statement on the 50th Anniversary of the Fair Housing Act
    Posted in Press Releases on April 11, 2018 | Preview rr
    Tags: HUD

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on the Financial Services, made the following statement on the 50th Anniversary of the signing of the Fair Housing Act: “Today, we mark the 50th anniversary of the Fair Housing Act, which is one of the most important pieces of legislation attributed to Dr. Martin Luther King, Jr.’s legacy of fighting for equal rights, including equal access to housing. The Fair Housing Act is a landmark law that Congress passed in 1968 to... Read more

  • Waters Leads Call to Increase FY 2019 Funding for Federal Housing Programs
    Posted in Press Releases on March 26, 2018 | Preview rr
    Tags: HUD

    Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, led four separate letters to Congressional appropriators highlighting the importance of federal housing programs that serve the country’s most vulnerable populations. In the letters, Ranking Member Waters urged her colleagues to increase funding for the following rental and homeless assistance programs during the federal appropriations process for fiscal year 2019. HUD’s McKinney Vento Homeless Assistan... Read more

  • Waters Statement on GAO Report Confirming Longstanding Concerns about HUD’s Rental Assistance Demonstration Program
    Posted in Press Releases on March 22, 2018 | Preview rr
    Tags: GAO, HUD

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, released a statement on a new Government Accountability Office (GAO) report titled, “Rental Assistance Demonstration: HUD Needs to Take Action to Improve Metrics and Ongoing Oversight” (GAO-18-123). The GAO report was requested in 2015 by Ranking Member Waters to review the first component of the Rental Assistance Demonstration (RAD) – a voluntary demonstration program at the U.S. Department of Hous... Read more

  • At Markup of Budget Views, Waters Blasts Harmful Republican Agenda
    Posted in Press Releases on March 6, 2018 | Preview rr
    Tags: Full Committee, Dodd–Frank Wall Street Reform and Consumer Protection Act, CFPB, HUD, Markup, Budget

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following statement at a full Committee markup to consider the Majority's Views and Estimates on the Budget for FY 2019: As Prepared for Delivery Thank you, Mr. Chairman. Mr. Chairman, Committee Democrats are committed to advancing policies that create shared prosperity and economic opportunities for all, ensure fairness in our economy, protect consumers from predatory practices, and suppor... Read more

  • Waters Statement on GAO Report Revealing Serious Problems with Controversial “Moving to Work” Demonstration Program
    Posted in Press Releases on February 15, 2018 | Preview rr
    Tags: GAO, HUD

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, released a statement on a new Government Accountability Office (GAO) report titled, “Rental Housing: Improvements Needed to Better Monitor the Moving to Work Demonstration, Including Effects on Tenants” (GAO-18-150). The GAO report was requested in 2015 by Ranking Member Waters, who has been a longstanding critic of the program. The report’s release comes on the heels of President Trump’s FY2019 bud... Read more

  • Waters: Trump Budget Would Harm Consumers, Open the Door to Another Financial Crisis
    Posted in Press Releases on February 12, 2018 | Preview rr
    Tags: Export-Import Bank, CFPB, FSOC, Flood Insurance, HUD, Budget

    Today, in response to the Trump Administration’s release of its full budget request to Congress for Fiscal Year 2019, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement: “Trump’s budget proposal would harm American consumers, hurt our nation’s communities and wipe out financial reforms that are in place to prevent another financial crisis. “Trump proposes to eliminate the Consumer Financial Protection Bureau’s independent fun... Read more

  • Waters Slams HUD’s Delay of Fair Housing Rule
    Posted in Press Releases on January 5, 2018 | Preview rr
    Tags: HUD

    Today, in response to the Trump Administration’s decision to delay the implementation of the Affirmatively Furthering Fair Housing (AFFH) rule, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement: “The Trump Administration’s move to delay the Affirmatively Furthering Fair Housing rule is a flagrant attack on efforts to ensure fair housing opportunities for all people, including minorities, women, families with children, and pers... Read more

  • Waters Floor Statement in Opposition to Bill to Remove Protections for Manufactured Housing Consumers
    Posted in Press Releases on December 1, 2017 | Preview rr
    Tags: Dodd–Frank Wall Street Reform and Consumer Protection Act, CFPB, HUD

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following floor statement in opposition to H.R. 1699, a bill that would remove important protections for consumers of manufactured housing: As Prepared for Delivery Thank you Mr. Chairman. I rise today in opposition to H.R. 1699, which would undermine the Dodd-Frank Wall Street Reform and Consumer Protection Act, and eliminate consumer protections for some of the country’s most vulnerable b... Read more

  • Waters Introduces Legislation to Help Prevent Unfair Foreclosures on Seniors with HUD Reverse Mortgages
    Posted in Press Releases on October 27, 2017 | Preview rr
    Tags: CFPB, HUD

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, introduced the Preventing Foreclosures on Seniors Act, a bill to make reforms to the U.S. Department of Housing and Urban Development’s (HUD’s) reverse mortgage program to help prevent unfair foreclosures on seniors. HUD’s Home Equity Conversion Mortgages (HECM) program allows seniors to take out reverse mortgages, which convert a portion of their home equity into cash to supplement their income in ... Read more

  • Waters Introduces Legislation to Make FHA Mortgages More Affordable
    Posted in Press Releases on October 26, 2017 | Preview rr
    Tags: FHA, HUD

    Today, Congresswoman Maxine Waters (D-CA) introduced the Making FHA More Affordable Act, a bill to repeal the requirement that Federal Housing Administration (FHA) borrowers pay mortgage insurance premiums for the life of the loan, and reinstate the FHA’s previous policy of only requiring borrowers to pay premiums until the outstanding principal balance reaches 78 percent of the original home value. “Families who take out home loans through the Federal Housing Administration (FHA) should not be ... Read more

  • Waters Demands Answers from Carson Regarding Trump’s Threats to Puerto Rico
    Posted in Press Releases on October 12, 2017 | Preview rr
    Tags: Full Committee, HUD

    Today, at the first full committee hearing of the 115th Congress to examine the future of housing in America under U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, questioned Secretary Carson about the devastation in Puerto Rico and President Trump’s threatening and denigrating tweets on the matter. In the exchange, Ranking Member Waters highlighted President Trump’s tweets, in ... Read more

  • Waters Opening Statement at Hearing with HUD Secretary Carson
    Posted in Press Releases on October 12, 2017 | Preview rr
    Tags: Full Committee, HUD

    Today, at a full Committee hearing with U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement: Thank you Mr. Chairman. America is currently in the midst of the worst rental housing crisis that we’ve ever experienced, and it is hitting our lowest income families the hardest. According to the National Low Income Housing Coalition, the United States has a sh... Read more

  • Waters Floor Statement on Omnibus Funding Bill
    Posted in Press Releases on September 7, 2017 | Preview rr
    Tags: HUD

    Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following floor statement on H.R. 3354: As Prepared for Delivery Mr. Speaker, I strongly oppose H.R. 3354, a bill that not only fails to make critical investments in our nation’s future, but also eliminates important protections for everyday Americans. As Ranking Member of the Financial Services Committee, I am particularly concerned that H.R. 3354 imposes such severe cuts on the Department of Hou... Read more

  • Waters Calls for Field Hearing on Homelessness in Los Angeles
    Posted in Press Releases on July 21, 2017 | Preview rr
    Tags: HUD, Homelessness

    Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, requested for the second time that Chairman Jeb Hensarling convene a field hearing in Los Angeles on homelessness. As the letter notes, the Committee has already begun to hold field hearings on housing issues in other parts of the country. “The 2017 Point in Time Count in Los Angeles County showed that there were 57,794 homeless persons on any given day in January 2017,” said Ranking Member Waters. “While ... Read more

  • ICYMI: Waters Addresses Affordable Housing Advocates and HUD Tenants
    Posted in Press Releases on July 7, 2017 | Preview rr
    Tags: HUD

    Last week, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, delivered remarks in Washington, DC at the Save HUD 202 Rally. At the rally, which was attended by residents of HUD Section 202 Housing for the Elderly, affordable housing advocates, and Members of Congress, Ranking Member Waters warned of the catastrophic harm that would result from the Trump Administration’s budget request, and pledged to continue to fight to protect affordable housing program... Read more

  • Waters and Green to Hensarling: Probe Trump Admin Investigations of OneWest Bank
    Posted in Press Releases on June 30, 2017 | Preview rr
    Tags: HUD, Department of Justice

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, and Congressman Al Green (D-TX), Ranking Member of the Subcommittee on Oversight and Investigations, sent a letter to Committee Chairman Jeb Hensarling, calling on him to use the Committee’s full range of its investigative powers to examine the high potential for conflicts of interest with regard to the Trump Administration’s settlement with, and any pending investigations into, OneWest Bank while u... Read more

  • Ranking Member Waters Introduces Bill to Fully Fund Public Housing
    Posted in Press Releases on June 29, 2017 | Preview rr
    Tags: HUD

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, along with seven other Democratic Committee Members, reintroduced comprehensive legislation to preserve and revitalize the nation’s public housing stock. The measure, entitled the Public Housing Tenant Protection and Reinvestment Act Of 2017, ensures safe, decent, and affordable housing for over one million families who rely on public housing. “We must renew our commitment to serving those mos... Read more

  • Committee Dems Request Hearings with Trump Administration Officials on Harmful Cuts to Housing Programs
    Posted in Press Releases on June 27, 2017 | Preview rr
    Tags: Full Committee, HUD

    Today, led by Ranking Member Maxine Waters (D-CA) and Subcommittee on Housing and Insurance Ranking Member Emanuel Cleaver (D-MO), all 26 Democratic Members of the Committee on Financial Services sent a letter to Chairman Jeb Hensarling requesting hearings with Ben Carson, Secretary of the U.S. Department of Housing and Urban Development (HUD), and Sonny Perdue, Secretary of the U.S. Department of Agriculture (USDA), to discuss the Trump Administration’s budget request, which contains deep and h... Read more

  • Committee Dems Raise Concerns to HUD Inspector General About Trump Conflicts of Interest
    Posted in Press Releases on June 23, 2017 | Preview rr
    Tags: HUD

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, and Congressman Al Green (D-TX), Ranking Member of the Subcommittee on Oversight and Investigations, sent a letter to the Acting Inspector General of the U.S. Department of Housing and Urban Development (HUD), expressing concerns about President Trump’s conflicts of interest with regard to Starrett City, a federally-subsidized, multifamily, affordable, housing development, and calling for answers to... Read more

  • Waters Statement on the Nomination of Joseph Otting to Lead the OCC
    Posted in Press Releases on June 6, 2017 | Preview rr
    Tags: OCC, HUD

    Following the announcement that President Trump will nominate Joseph Otting, former OneWest Bank chief executive, to lead the Office of the Comptroller of the Currency (OCC), Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, released the following statement: “The mission of the OCC is to ensure that financial institutions operate in a safe and sound manner, provide fair access to financial services, and treat customers fairly. With Mnuchin at Treasury and... Read more



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